- Centurion Member
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- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
Tubpbs wrote: CarefulBuilder14 wrote:
astronautcowboy wrote:I just got my Freedom Unlimited in the mail, so I will be gardening for the foreseeable future. The only thing liable to get me out is a new car, a new home, or Chase releasing another new card that earns UR points. I am hoping they eventually release something that is equivalent to the AMEX Platinum (not the Palladium, something accessible by normal humans).
My wife is also out of the garden this month, as she applied for her own Freedom. Eventually I would like to refer her for her own Unlimited, and then we will likely be "done." I may try to convince her to get a CSP too though, as the sign-up bonus is almost enough for a trip to Asia on United.
They already have the Ritz, in addition to the Palladium. The Ritz earns Marriott/Ritz points instead of URs, but it's not like Palladium or Platinum have great earning rates, either.
Agreed. I believe that's the card they consider to fall into that category for them.
And the earning system on the card is theoretically better than the Platinum (not the Prestige).
On the Palladium, Chase gets a $595 AF, merchant fees, and often (indirectly) a few thousand in asset management fees. That suggests very high gross margins. They may reason, perhaps correctly, that offering something without a $250k asset requirement (and therefore with lower total fees) might bring in new customers, but reduce the exclusive image and perceived value (and therefore the demand) for the highly profitable Palladium.
Unless someone rents private jets (and can actually use the Marquis perks), CSP offers a lot of the same benefits for a tiny fraction or the AF. I guess CSP lacks hotel room theft insurance and things like that. Perks like airport lounge access are easy to get on other cards.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May